What happenedA court in Paris fined Internet auction site eBay $61 million for failing to prevent the online sale of counterfeit Louis Vuitton bags and Dior perfume in the country. LVMH, the luxury brand that makes those products, says that 90 percent of its bags and perfumes sold on eBay are fakes. EBay said it has taken sufficient steps to fight counterfeiting, and argued that the ruling hurts honest online merchants. (The New York Times)

What the commentators saidWhat a lousy deal for eBay, and for its users, said Therese Poletti in MarketWatch.com. The court didn't just crack down on fakes—it ordered the auctioneer to cut out unauthorized sales of some authentic LVMH fragrances, so for the average eBay seller, "the ruling stinks.”

It also stinks to get stuck with fake luxury goods, said Vidya Ram in Forbes.com. EBay insists it’s doing everything it can to protect its customers, but it could avoid criticism by vetting luxury goods as other companies -- such as Portero.com -- already do.